SAP Remains Solid While Transitioning
P.J. Jakovljevic - August 23, 2000

Event Summary

According to a press release from July 20, SAP AG, the leading provider of enterprise business software applications, announced its results for the quarter ended June 30, 2000. In the second quarter, revenues rose 19% over the same period last year to E1.50 billion. License revenues grew by 23% to E554 million of which sales of mySAP.com, the leading e-business platform, accelerated to E261 million or 47% of total license revenues in the second quarter, compared to 22% in the first quarter 2000. Pre-tax profit in the quarter before charges for the employee stock appreciation rights program (STAR) increased 11% to E288; pre-tax profit including STAR decreased 22% to E193 million. Net income in the quarter decreased 18% to E116 million (See Figure 1)...